[closing bell rings] there is the closing bell. we look to see the bull run at least for now is over. a bear market for the major averages, the worst point loss in history for the dow. that is the "claman countdown." time for "after the bell." connell: collapse on wall street today amid a day of big changes across the country. all three major averages officially closing in bear market territory as event after event around the nation has to be called off because of the coronavirus. trading was even temporarily halted for second time this week. that was early in the day. then the selling resumed. we're down 10%. this is the worst day since the crash of '87 for the dow, 2352 points to the downside. i'm connell shane. melisssa: wow, i'm melissa francis. the biggest decline for both indices since the 2018 financial crisis.

we have fox business team coverage. phil flynn is at the cme. edward lawrence is on capitol hill, blake burman is live at the white house but first, let's go to kristina partsinevelos on the floor of the new york stock exchange. do we have kristina? kristina: circuit breaker halted all markets for 15 minutes. the new york fed came out injecting $1.5 trillion today and tomorrow in the repurchasing market. a lot of movement. yet we still finished the day down, almost 10% lower at the dow, 2321 points. s&p almost 10% as well. 9.5% lower. same thing for the nasdaq. complete negative territory. you guys talked about it, this is a historical day, the biggest drop since the crash in 1987. i was only two years old at that point. look at dow losers for the day. the dow has been down the entire day.

boeing, boeing taking a major beating. the stock was halted earlier today. walt disney on there, ibm, american express. i want to switch over to travel stocks we've been paying attention to today, more specifically the cruise lines. we know a lot of people have been warned not to take cruises. now carnival has announced that they are voluntarily telling princess, stopping all their princess cruises for next 60 days or so. the stocks are down 31% today. and then lastly, airlines. you have got airlines tumbling dramatically. united plunging more than 24%. this is on the news that the president asked no flights from the, certain areas from the eu, vast majority of the e.u. for that matter except for the uk, entering united states starting tomorrow. that caused all airlines to sell off dramatically. ceos and executives the airlines said they are willing to take pay cuts. they announced that.

big day here on the trading floor. back to you guys. melisssa: kristina, thank you. let's bring in today's market panel. gary b. smith, kadena group, paul after sanao, what a day for you guys to join us. it is historic. paul what do you think. >> the biggest thing driving it, is the unknown. there is so much uncertainty out there i think investor and the general public we've never seen anything like this. i lived through the dot-com bubble. i lived through the financial crisis. this feels very different. this also hits very close to home. i'm staying on top of developments on daily, if not hourly basis. last night when the nba first started to cancel its season and tom hanks put his announcement out there, it really hit close to home. melisssa: yeah. gary almost seems like only thing that will turn this around in a economic sense for the numbers in terms of the health crisis to start moving in the

other direction. to have fewer cases instead of more. you know, to see the death rate drop. and the more doctor cronian the measures are -- draconian measures are to get to a place to handle this around the world, that is probably the only thing that will get us there, what do you think? >> totally agree. i was kind of surprised, maybe i wasn't, but sadly surprised that the answer seems to be the fed injecting money into it. it is kind of like, i have a sick child and i go up and say, i will increase your allowance. that is not going to help. i wish this administration would say look, this is, whether it is justified or not, because now i still think it is more fear than anything else, but we have to treat this like the manhattan project. i gathered my sharpest mind, my biggest entrepreneurs. i have elon musk, i have

jeff bezos, i have bill gates. we'll head up task force to get a, the testing kits out so everyone is tested. and b, we'll get a vaccine, not in a year or two but short of time as possible. and c, i think you're right about exactly what china did. when we first saw it, we thought, my gosh they're closing an a city bigger than new york. that's silly. we probably need to do that. melisssa: i just want to inject here, the global virus hunter we had on the show who was in wuhan at the beginning is coming up later in the show. there are some signs of hope in terms of therapeutics. so there are people out there. we'll bring you some news during this show. so you know, stay tuned. but i know what you're saying but people are really working very hard on that. connell, go ahead. connell: connell: we've seen a lot of action on the state and local level in terms of response. maybe learning lessons from other places like hard-hit italy where we're going right now.

it is dealing with a situation certainly the government officials and you know, probably the companies here as well in the u.s. are working to avoid as best we can. lenore hawkins, tematica research, joins us from lake como. she is, continues to be in italy. i talked to her the other day and watching the market, i want to ask you about the situation on the ground there again. watching the market react here as it is today, seems like people in the united states are coming to a new realization. your perspective watching it over there going through what you've already been through? one of the tough things here for me, up until even a week 1/2 ago, people were acting like, it wasn't any big deal. we were all talking about it. you would hear it being chatted about but nobody was really taking action. today i live in a country where

when i walk outside to go to get some food i get stopped by the police because they're making sure no one is moving about. the only people out there are the police and the army. everything is closed. every hotel is empty. every restaurant is shut down. every shop is closed. everything has come to a stop. connell: they got to that point, lenore, as you say later than most experts say they should have, they being the italian government. there was obviously precious time lost there. what, the health care system is what the experts keep telling us is the most at risk. people say, well, you know, i'm not at risk because i'm not in one of the high-risk groups. if a health care system in a particular country can't handle the volume, all of sudden you do see the mortality rate start to go up. you have some experience of it, at least talking to people what is going on in the hospitals in italy. what can you tell us? >> yes. that is the exactly the problem.

it isn't the case i am at risk or colleagues are at risk, the problem is i can infect somebody whose body can't stand it. doctors are faced every day with making decision who they will try to save and who to let die. there are not enough beds and not enough ventilators. basically every other country around here, i were concluding the united states is potentially in the same boat because this thing is so contagious. it does have fairly high percent will need hospitalization. no one has that many beds. connell: right, they get overwhelmed. the rate of people who are very, very i can or unfortunately people who die, that rate goes up. lenore, all the best to you and everybody in italy. melisssa: really scary. the race to contain the pandemic. president trump meeting with the irish prime minister at the white house after announcing a 30-day travel ban on most european countries. fox business's blake burman is live at the white house. blake? reporter: melissa, earlier at

the meeting at the white house president trump defended his decision to essentially shut down all foreign travel from europe into the united states. the president said the coronavirus is spreading too rapidly and too widely in europe. the president saying first and foremost this is a public health matter. goes well beyond whatever might occur in the stock market. >> i don't want people dying. that is why i made these decisions. whether it affects the stock market or not very important but it is not important compared to life and death. so i had to make that decision and, frankly the people that are professionals praised the decision and it is something i had to do. reporter: at several points today as well the president also talked up social distancing. the president himself will not be flying for stops to las vegas and colorado over the next two days. his campaign today, also, his campaign, rather, also postponed an event for next week. the president saying this morning that he agrees with the decisions for example, that the

sports leagues have been making. >> keep a little bit of distance away. that is why the sporting events are a little bit tough because you have people sitting in small seats right next to each other. it is a little bit tough. what happened with the nba is pretty incredible but you look over in europe and you see their big soccer matches were canceled. it is pretty amazing. reporter: now an economic stimulus package, a relief package in the house with members of the trump administration still being debated, still being negotiated probably a better term at this hour. the president said earlier today as it stands now he cannot support what the house, house democrats have put forward. the president also made it appear as if a payroll tax cut, something that he wants might not be a part of an immediate solution that might be put forth up on capitol hill. melisssa: one of the problems it would take money to get too long to people when you look at the bill put forward. i'm sure they will work it out. blake, thank you. connell: capitol hill, what the

latest is, speaker nancy pelosi says the house, quote is ready to move on a coronavirus relief package and edward lawrence is following with all of that, and joins us from the very latest. reporter: source on the house ways and means committee says there are still some issues to work out but they are planning toehold a vote on the stimulus package later on tonight. house speaker nancy pelosi and treasury secretary steve mnuchin had their fourth phone call back and forth to work on language of this agreement. on senate side, senators going home right now for their recess. we have videos of senator chuck schumer leaving capitol grounds here. they are coming back on monday if there is something to talk about. >> hopefully if the white house and the house are largely in agreement, we can either work out the differences or not. and if they're completely if agreement, my guess is we'll deal with that bill pretty early next week. but in any case we'll deal with it quickly and stay focused on

the coronavirus challenge. reporter: the house speaker says she wants to make sure families get paid sick leave. she wants to expand unemployment benefits. she also wants to make sure coronavirus tests are free for insured and uninsured. now to do that, she says her bill should be passed today. >> we're addressing realities of life, of family life in america, putting families first. we're not planning a schedule or anything else until we get that, until we get that done. reporter: pelosi says her bill would add stimulus. republicans i talked with say it would add bigger government and not kind of stimulus the president is looking for. one more note on coronavirus, it has hit here at capitol hill. senator maria cantwell's office had one employee test positive. the rest of the staff under quarantine. senator rick scott under self-quarantine. he was told he came in contact

with somebody who had coronavirus. the capitol closed for tours from the public until april 1st. connell: don't see many around edward lawrence. >> they're squabbleing here. what you do think is a better solution? we have to focus on hourly workers, small businesses, what are your thoughts? >> i think better solution, people are going to be laid off. people are not cruise workers, for example, people that work inside of the verizon center in washington are going to be without paychecks. those are people because of this, i think you have to help. the liquidity, i'm not sure as we talked about, is going, is going to help to be honest with you. people are not going to trade,

people will not invest, people will not take out loans if money is even cheaper out there. money is cheap now. i think it should be targeted. i'm not a big person on government, you know, throwing out money from a helicopter but i guess that would be the way i would go. melisssa: right. but, paul, isn't more you don't want the system to seize? the loans on small and medium-sized businesses but, are credit markets suffering? what are your thoughts. >> currently not as much but we're not that far along into this. we don't know what we're dealing with here. we don't know ultimately what the impact will be. but what we do know it is global. we know that it requires a global, coordinated response. something of shock and awe, that quite honestly only the really, the governments of the world can bring. and i they, you know what could be the harm in overreacting? worst case scenario, there is too much planned stimulus down

the road you can always pull it back. but i think lacking a global, coordinated effort what i call shock and awe, you know, we just don't know what we're dealing with here. melisssa: no. i think that is really good way to put it. guys, thank you. connell: let's head out to chicago. oil sliding again today. it settled in the floor session down about 4%. go back to the floor session in a moment because the cme will close the trading floor tomorrow. phil flynn is always there for us. we look at after-hours trade, i guess that's it, right, this week? >> it is. that bell we just heard a few seconds ago is maybe the last bell we see. 4 hours from now it will ring again maybe last time for some time. cme group is saying they don't know when they reopen pits after tomorrow's close. it will be up to medical professionals a lot of traders worry it may be extended period of time and it could lead to

layoffs. adds to what is going on in the markets. look at oil. look at gold. it is headline to headline. the bad headlines keep coming. challenger, gray & christmas, 633 job losses so far from coronavirus. you know that number is going to get bad. look at oil getting a big hit. more demand destruction concerns. that is where we're at. connell: great job this week, phil flynn. melisssa: we have "fox business alert" for you right now. mayor bill de blasio is currently holding a news conference just declaring a state of emergency for new york city. new york state joining the growing list of states banning large gatherings of people, forcing immediate suspension of all broadway shows gore at least a month. this coming after a passenger on a jetblue flight from new york city to palm beach florida tested positive for the virus with more than 100 people on board. the national guard deploying to a town just north of new york city. it is being called the nation's

first virus containment zone. we are live in that town, new rochelle, home to the largest cluster of virus cases in the u.s. ♪. it all starts with an invitation.

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make the world you want. connell: high alert for those who travel to and from new york. there was a passenger on a flight from jfk airport that tested positive for the coronavirus after landing in palm beach, florida. jackie deangelis is live for us at the airport and has the latest on this developing story. jackie? reporter: good afternoon, to you, connell. the million dollar question did this passenger know that he had the coronavirus before he got on the airplane? there are reports surfacing he just received the call he tested positive before he boarded the jetblue flight to florida. now that is one of the biggest issues we're talking about here today, personal responsibility. you shouldn't get on that plane if you have that information. in this case it appears gentleman did. he was not feeling well on the

plane. other passengers became alarmed. crewmembers were alerted. we reached out to jetblue. this is the statement. in last night's case crewmembers did a incredible job coordinating with the health authorities a allowing customers to desi am bark. we conducted a thorough sanitizing aircraft according to cdc requirements. and we sanitized all airport areas involved. this is issue after president trump said there would be a travel restriction a ban from passengers coming in from the eu that will go into effect at midnight on friday night. what you had here today people still coming through. i was checking the board on those flights all day. you had people leaving as well. leaving hoping to come back? you're doing so at your own risk. you will not be able to return if you're going to the eu for at least 30 days. there is one other twist to the plot that the conversation

surrounding here. because the uk has been exempt from this, will travelers in those infected areas try to go to the uk, oust that as passage point to then try to fly to the united states? we'll have to watch this very closely, guys. connell: that is what people are thinking. jackie deangelis live at the airport for us. thank you, jackie. melisssa: fox news alert. bill de blasio declaring a state of emergency in new york city. the mayor says he wants the schools to remain open. he intend for them to remain open. but northern essential, non-parent teacher conferences school playswill be canceled or moved online. connell: largest public school system in the country. a tough call. they're trying to avoid it if they can. we'll see how it develops. containment period north of the

city in new rochelle, new york, we're live with reaction from residents, plus the virus hunter on a possible break through in treatment as the outbreak spreads. we'll be back. ♪. as a caricature artist, i appreciate what makes each person unique. that's why i like liberty mutual. they get that no two people are alike and customize your car insurance so you only pay for what you need. almost done. what do you think? i don't see it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

melisssa: "fox business alert." the ncaa canceling the division one men's and women's 2020 basketball tournaments as well as all remaining winter and spring ncaa championships due to the growing coronavirus pandemic. connell: that was update. no fans. now it is off. marking new phase in new york's efforts to curb the outbreak. the national guard did deploy in new rochelle establishing a one mile radius area what is the

nation's biggest known cluster of coronavirus cases. fox news correspondent rick leventhal is there with the very latest. rick? reporter: connell for people wondering what a containment zone looks like, it doesn't look much different in new rochelle than it did yesterday are last week or last month. there are no military vehicles on patrol. no checkpoints for residents to pass through. it is quieter on the streets. schools closed. houses of worship closed and businesses deciding to stay closed. most notable difference, uniformed national guardsmen passing out bags of food at several locations including new rochelle high school and feeding families in need and kids normally eating at school which is canceled for at least the next two weeks. another more ominous looking scene, we found out glen island park in new rochelle, closed by a police roadblock. the state reportedly assembling a maybe lab there to increase testing capacity pour possible

coronavirus samples. the public will not be going to the park to be tested. it will only be used we understand to check samples. the mayor working to reassure residents inside and outside the one mile radius containment zone all of these precautions are simply to try to control the spread of the virus. with 108 confirmed cases here, roughly 1000 residents quarantined making it most condensed amount much cases the governor spoke about the testing procedures. >> the testing kit is the swab. the swab gets sent to a laboratory. the laboratory has to have the capacity then to perform the tests. that's where we have issues. the number of labs that can perform the tests. reporter: there are now more than 320 confirmed cases statewide. we're not aware of any new cases though, connell, here in new rochelle since the announcement had been made to create that

containment zone. connell: okay, rick leventhal live for us in new rochelle. medical list sap. melisssa: here is a new rochelle resident who has been in self-isolation nine days with her family. first of all, how is your family doing? i know you have four kids, aged three to 10. your house is there, how are you guys holding up? >> hi, melissa, thank you so much for having me. we are doing the best we can under the circumstances. a little bit stir crazy. school is continuing. virtual learning. we're trying to continue business as usual. melisssa: do you know if anyone in your family is ill or contracted it? >> we seem to be pretty asymptomatic. hopefully it will stay that way. melisssa: do you know other people who have tested positive? are they, do you feel like there's a lot of testing going on or as much as is needed? >> yeah. there are plenty of individuals in my community have tested positive, negative. we happen to be the center of

the outbreak. they did a lot of testing there and there was a lot of contact. melisssa: what does it feel like? do you feel like you're being kept in? do you feel, i don't know, when we hear the national guard is being deployed, it sounds scary, we understand that this morning helicopters arrived at about 6:00 a.m. what was that like? >> it was pretty loud, i will say that. i had a lot of community members who cannot work anyway, wanted to sleep in, couldn't do so. that was difficult for them f they're doing this to make sure the public is cared for, something definitely the we appreciate as long as we go out freely as we can when the quarantines are up. melisssa: what are the rules? you can go outside but can't leave your property? or you know, i read differing reports, what are they telling you? >> i'm allowed to go in my backyard. i'm allowed to run in my driveway but not allowed to make it to the sidewalk. melisssa: wow.

how are you getting more food when you run out? >> fortunately the community is amazing. a lot of people coming from outside offered to help. we have a lot of assistance coming from our community and people not subjected to quarantine. melisssa: do you have any idea when this is going to end? when have they told you? >> for us personally, sunday. other individuals have testified postively. so i guess it is a rolling cada calendar of quarantines. melisssa: thanks so much for coming on. is there any message you want to give to anyone who isn't quarantined right now? is there something you wished you had done differently or the community done differently or do you think you're doing the best you can? >> i would say definitely focus on social media, social interaction. that keeps you connected. for me personally how i was able to stay sane throughout this. i have to say it is amazing the community support from those who are not, who are out there out and about, totally appreciative of everything they're doing for us. >> thank you so much for coming on.

i hope you come back to let us know how you're doing. we appreciate it. connell: we just, melissa got alert from disney. disney announced in california they will close down disneyland, as of saturday morning. in other words tomorrow will be the last day for the disneyland park. disney california adventure. the way they said it, they will keep them closed through the end of the month. they don't have any cases reported of covid-19 at disneyland resorts. adding to that disneyland hotels will remain open until monday they're saying but the park itself closing down as of, really as of tomorrow. tomorrow is the last day. saturday morning that is it. that is from disney as it develops throughout the day here. melisssa: wow. some places when i hear they're closing down i'm surprised they were open. like the cruise line said they weren't going out, you were out, you were going to go out? connell: days develop, people saw ncaa basketball tournament, as the conference tournaments got canceled, maybe the big one

will. now it did. maybe disneyland will remain open. now it will close. how will the virus spread? is there any chance it survives in the air, what about surfaces? there is new study. scientists are sounding the alarm to some degree. in other words there is new information. we want to talk to dr. devi about the potential threat in just a moment. melisssa: as we mentioned pandemic fears slamming the supports industry. major league baseball joining a growing list of professionals taking action against the outbreak. we'll have the impact of this hour. ♪. there's smart and then there's street smart, like a hybrid with best in class epa estimated range of more than five hundred eighty two miles.

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basically every well is loser if you drill it. who is that killing? all the stocks are down, as you know, the drilling company, they're down this time. nabors down. speaking of canada, place where i am, bp refinery in whiting indiana, they process mainly the tar sands crude from canada. 49% of our oil, almost half of all the oil we import in this country comes from canada. if you think wti took a big hit, now we're at 30, take a look at numbers on canadian crude. we were at $37 before all of this transpired. today we were trading below $18 a barrel, below $18 a barrel. they're getting killed out there. melisssa: no doubt. jeff, thank you. connell: so we're going to talk about a possible breakthrough in treatment when people are

battling this coronavirus. a time tested method that could bring some hope. a guy known as the virus hunter has been on the show before. dr. lipkin will join us next to talk about that certainly stay tuned for that. then china, china high-stakes campaign aims to smear the united states over the virus. details on that are ahead as well. middle with you, ♪ no one likes to feel stuck, boxed in, or held back. especially by something like your cloud. it's a problem. but the ibm cloud is different. it's the most open and secure public cloud for business. it can manage all your apps and data from anywhere. so it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. without getting in your way. ♪ ♪ you have fast-acting power over pain,

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connell: there is new study out about the coronavirus. it shows it can live on surfaces for as long as two or three days. there is questions raised by the study whether it survives in the air as well. dr. devi joins us, met metropolis medicine. the study was done by the government. what do you take away in terms of what people should think about in transmission here? it didn't conclude it is airborne or travel bit air. they found i guess, it can live in the air. what did you make away from this? >> just first of all, to reassure people, the primary method of spread is still respiratory droplets. that is the idea of the social distancing, if you cough or sneeze, only spreads about three feet. if you stay at least six feet

from people, for the most part you're safe. the surface, what these virologists did, they spied virus on different surface, it can stay in the air for three hours in artificial circumstances. if it lands on plastic or steel, seems to survive for three days. connell: could you catch it from that up to thee days on surfaces? -- three days. for someone who doesn't understand the science, it can survive the air doesn't mean it is transmissible through the air or does it? >> not necessarily. that could be, that is the purpose of study. just because it is in the air means you will inhale it into your lungs or touch it on the surface, get through your skin, get to your lungs. they didn't check that. that has to do a little bit more with how well it penetrates into you. the fact that is lives, it is important to clean the surfaces. the cdc talks about certain products. they talked about, for example,

using things with at least 70% alcohol. so if you're cleaning surfaces like doorknobs, light switches, phones, things like that, good to use those types of products or something bleach containing. connell: as final point, we're trying to keep people informed who the high-risk groups are, older people with so-called underlying conditions which could be a number of different factors. it can't go through every other group people are concerned about. a few minutes ago somebody brought up pregnant women, should i be worried about my wife? what do you tell people who is most at risk? >> people with medical conditions should try to avoid certain activities that are elective in these kind of group activities. other than hand, pregnant people looked at this in china, a few women gave birth while pregnant and babies that tested positive on day one of life, they seemed to do really well. they may or may not have had symptoms but didn't have the

extent of systems we're worried about with this particular virus. pregnant women and newborns appear to be safe. same with small kids. anyone can potentially get it, but people most at risk with dangerous consequences are people much older. 30% of the people who have serious consequences are above the age of 70. if you have other medical conditions that of course puts you at more risk. connell: one saving grace, if you can even say that, this hasn't had impact on children maybe that some other diseases and viruses have. dr. devi, see you soon. thanks for always explaining everything. we appreciate it. melissa. melisssa: search forge a cure, the coronavirus is seen as a more dangerous than the reeling lar flu because there is no cure or vaccine but a unique type of treatment could bring us hope. we have ian lipkin, virus hunter, new york university mehlman school of public health.

welcome back to the shope. we're eager to hear what you found. i heard this is one of the reasons you weren't to wuhan in the first place. >> good to join you. i would like to clarify points made by the last expert concerning air and such. melisssa: please do. >> i respectfully the point of this paper, which i reviewed extensively there is virus own these surfaces and that it is viable and that in fact if you touch these surfaces go to your mouth or eyes, your nose you can readily become infected. so i think this is something we need to take very seriously and i think it is a major source of transmission. melisssa: wow. >> in fact i recommend people wear gloves when they travel on public vehicling. i do so myself. the second point concerns pregnancy. while there weren't any stillbirths be and children looked normal at birth, there is no way of knowing whether or not

they might have long-term consequences. if you have infections during pregnancy, there is increased risk risk of autism. i don't think we're out of the woods on that. on to therapy, there is a paper coming out in a very prominent medical journal that will show 10 of 10 patients treated with plasma from patients who recovered from covid-19 had excellent results. so this is the first news, not the last by any means, that suggests that there may be a therapy that is very useful. when i spoke on lou dobbs last night i emphasized the point that if we identify people who have recovered from this disease and they're willing to donate, i hope they will, we will be able to save hundreds, perhaps thousands of lives. so i encourage people to encourage others to donate. there is a way you can make a real contribution here. melisssa: so talk to me about the time horizon for that.

that is really exciting news. when we look at italy, we look how they're being overwhelmed and way to deal with that is to try to help people get better. sounds like what you're talking about is something that could do that. how long before what you're talking about could be put into action here in the u.s.? >> well i have a colleague at johns hopkins who is trying to put together a proposal now that i'm eager to support, that would facilitate collection of these sorts of samples. i'm also working with people here at the new york city blood bank with the hope that will facilitate that study. we're very eager to proud and we believe if this actually comes to pass we could have treatments in four weeks that could begin to save lives. melisssa: wow, in four weeks. what would it take to get on that path? whose approval do you need? cdc, fda or what do you need? >> we'll have to get approval through the fda and we'll have to get approval of institutional review boards associated with

our individual institutions but i'm confidence that arturo can lead this, and we can, we can make this happen. melisssa: one of the problems we think, i mean as we all try to piece together what happens so far is with the testing, that they weren't able to get rid of the government regulation or move quickly enough if i try to simplify it. that basically the process to get up and running is onerous here in the u.s. and probably for good reason because you don't want to send out test kits that are faulty. is this sort of the same kind of situation where you're going to wait for approval and that costs time? >> well, it is very important before you undertake either a new diagnostic or new drug intervention that you're sure that it's going to work and it will not be worse than nothing at all. the worst thing you can do with a diagnostic is send somebody out thinking that they don't have disease when in fact you got a false-negative. it gives them assurances they will not be worrying about infecting other people.

so it is important that diagnostics be rigorously tested. if even more so doing an intervention. we need to make certain that we don't cause damage. the good news, the testing in china didn't show any signs of any adverse side effects. all ever these patients improved and since left the hospital. melisssa: that is exciting news. there is a lot of fighting about the testing kits, why it is so hard to get them, why it feels so slow here. what is your opinion happened in rollout quickly before we go? >> well, we're in the process of rolling out our own diagnostic kit and it's challenging. unfortunately there was a contamination that led to a problem with the cdc testing kits. however that's been resolved and they're pushing them out as rapidly as they can. melisssa: wow. dr. ian lipkin, please come back soon. we want to hear any updates on this thank you so much for the work you're doing. >> thank you for your support. connell: getting a lot of smart people working on this, this is

one of them. melisssa: that would be huge. connell: we talked about earlier, game off, moves being made by a lot of sports leagues, major league baseball. this hour ncaa called off the march madness tournament. we'll speak about all of that next. ♪ ♪ ♪ if you have postmenopausal osteoporosis and a high risk for fracture, now might not be the best time to ask yourself, 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones

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connell: no march madness, ncaa made it official, cancelled all winter and spring championships, that was announced this hour be major league baseball, postponing start of regular seen by two weeks. and suspending spring training and other operations, as everyone trying to figure out how to deal with the virus. grady trimble in florida with details. reporter: it was play ball between atlanta braving and detroit tigers when fans were walking into stadium for the game this afternoon, they didn't know it would be one of last

spring training games of the season, there was pressure on the mlb all other organizations had canceled or suspended their seasons, major basketball conference and march madness and nba, and mls and nhl . pga tour announced that tour would go on, but without fans. all this was developing, they watched it happen, they heard news about mlb they were not surprised. >> it breaks my heart, but i guess they have to do what they have to do. >> not surprised, i think they needed to do it, with ncaa closing down, all conference tournaments, a no-brainer. reporter: 7 inning stretch lines were normal for food and beer, but also lines people waiting to wash their hands, coronavirus on

people's mind. connell: i am sure. melissa: wash your hands. connell: that it for us, thank you for joining us. melissa: crazy bay in the market down 10%is. connell: unbelievable. melissa: "bulls and bears" starts right now. david: coronavirus cause collapse in the market, dow plunging over 2300. worse day for dow and s&p since 19 '87 crash. i second halt to trading this morning after s&p 500 fell 7%, all major averages are now in bear market territory, amid a day of big changes over country and planet, after event after even in the nation is called off because of the coronavirus, president references sell-off earlier. >> we're still much mier than when i got -- higher than when i got here, it will bounce back and bounce back very big at the ri